CoreComm Internet

Features

Make this your home page

Retail sales unexpectedly fall in July as government tax refunds fade

NEW YORK (AP) — Americans unexpectedly cut their spending in July as a boost from government tax refunds faded. Retail sales slipped 0. 6% last month, the biggest drop since May 2025, from a revised gain of 0. 2% in June, according to Commerce Department data released Friday. There was a notable bump in spending in both April and May as Americans dipped into their tax refunds. That affect may have faded last month. Excluding sales at gas stations and at auto dealers, retail sales in July 0 a...

Read More
 

----------
Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CoreComm is not responsible for content on external sites. Please review the privacy and security policies of each vendor before making online purchases or providing personal information. Forecast Information Provided by AccuWeather.